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The “optimisation” of the French inventory clearance specialist's “geographical footprint,” announced after the recent share capital increase, is under way in Germany, Poland and the UK, sources told FashionNetwork.com.

Fresh from announcing plans to launch its COS chain in Iceland later this year, Swedish fashion retail giant H&M has just said that it will debut its Scandinavian women’s fashion brand Monki in the country as well.

Analysts have said recent decisions by the Competition and Markets Authority (CMA) suggest it won't shy away from intervention, and some conditions it could apply may prove too costly to make a deal worthwhile.

Topshop owner Arcadia could reportedly close 100 locations in its vast stores empire as leases on the shops come to an end by late 2020. That would follow more than 200 closures that have happened since 2016.

​Primark’s trading update has raised new questions about whether the brand will ever launch online sales, but while it has mulled an online debut, it’s not a priority for now, a senior exec said after the update.